The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-03-26
WHEAT AND CORN.
WHEAT.

WHEAT.
Extended inquiries made by the Gin
cinnati Price Current of the stocks of
wheat and corn held in the country March
lst show the following facts: In the light
winter wheat States on the basis OF the pro-
duction of 1856 there was in the hands OF
farmers. millers, and local warehouses, in
Ohio, 20 per cent; in Indiana, 10; in Illi-
nois, %; in Missouri, IS; in Kansas, Is; in
Michigan, &c; in Kentucky, is, and In
Tennessee IL per cent.--an average for all
these States of 22 per cent. For the spring
wheat States, the amount ON hand Is, In
Minnesota, 80 per cent; Dakota, 20; Iowa,
IL; Nebraska, 20, and Wisconsin 80 per
cent, an average of 20 per cent. This in
yostigation further shows that, while in
1856 at this date there wero 77,o00.0OO
bushels, there are now but 76000,0O0.
In the whole country IL is believed that tha
stock is 100000 bushels less than year
ago.
The requirements for consumption for
four months from March /, and for spring
wheat seeding, will be about 100000
bushels; this would leave S5,000,00O, wheat
and -four, for export and for reserves at
the end of the crop year; b0000,0o0 bush
els Ia the minimum 60 place the latter,
which would imply possible 35.O00,0O0
bushels available for export during the
ensuing four months, on this basis, by re-
ducing the reserves to the minimum point.
III Is possible, however, that a considerable
part OF the seeding reserves have not
been counted in the estimates of supply.
In any event. the statistical position does
not suggest over 50,0O0,0O0 bushels availa-
BILE for export during the next four
months.
CONN.
The proportion OF the 1886 crop OF corn
| on hand, unmarketcd and not consumed,
| IN the twelve States mentioned, according
TO special Investigations of the Cincinnati
Price Current, is shown in the following,
compared with similar calculations as 10
stocks year ago; Shows in Ohio, 80 per
cent; Indiana, 35; Illinois, 81; Iowa, 20;
Missouri, 25 Kansas. 80; Nebraska, 40;
Minnesota, 30; Wisconsin, 81; Michigan,
80; Kentucky, 80, and Tennessee, 3S per
cent, an average OF 81, or 399,C0l,000 bus
hels in the twelve States which added TO
the estimated stock in other States will
make 54s,000,OO0 or 10000 0)0 bushels
less than at this time in 1886.
THE DEPARTMENT REPORT.
The March report Of the Department Of
Agriculture OF the distribution and con-
sumption OF wheat and corn shows that 36
per cent of the crop is still in farmers
hands, a smaller proportion than in March,
1885 and 1856, but larger than IN 1884.
The estimated remainder is 603000,Oo0
bushels. The estimated proportion held
for home consumption is 377,000,000 bus
hels, leaving 2ss,OO0,000 for transporta-
ton beyond county lines The proper
ton of merchantable corn is SO per cent,
making the quality OF the crop compare
lively high, 80 being the average percent
age merchantablc In a series of years
The amount of wheat on hand Is ~ per
cent OF the crop, or about l22,000,000
bushels. against f070O0,O)0 last year and
1690C0,0O0 in March 1855, the largest
surplus ever known. 10 is 100000 bushels
more than in March 1884, and 24,000,000
bushels moro than in 1882, after the short
est crop for recent years.
The proportion held for local consump-
tion is 19i,O00,OO0 bushels, and the pro-
portion TO be shipped beyond county lines
2630OO,000 bushels. The quality of the
crop is unusually good in the principal
wheat growing sections, the average weight
being bs.5 pounds per bushel